Orbite Aluminae Inc.
TSX : ORT
OTCQX : EORBF

Orbite Aluminae Inc.

June 04, 2015 11:03 ET

Orbite Mourns the Death of Peter Crossgrove

MONTRÉAL, QUÉBEC--(Marketwired - June 4, 2015) - It is with great regret that Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite", or the "Company") announces the passing of Peter Crossgrove, distinguished member of Orbite's Board of directors since 2013.

"I had the great opportunity of working side-by-side with Peter for several years. It was a distinct pleasure, as Peter's character, integrity, and knowledge were well known in the business community. We extend our condolences to his family. Peter will be greatly missed," said Claude Lamoureux, Orbite's Chairman of the Board.

Mr. Crossgrove was born in Sudbury and raised in Copper Cliff. An accomplished business leader and humanitarian, he helped raise millions of dollars for Ontario's healthcare and cancer care organizations. He previously served on the Board of Barrick Gold for 22 years, was CEO and Vice Chairman of Placer Dome and was a founder of Masonite International. Mr. Crossgrove was the recipient of the Order of Canada, Order of Ontario, The Upper Canada Medal, Queens Golden Jubilee Medal and Queens Diamond Jubilee Medal. In 2013, he published his memoirs, Boardroom Games, capturing values gained from his life experience as an entrepreneurial renaissance man.

About Orbite

Orbite Aluminae Inc. is a Canadian clean technology based mineral-processing and resource development company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as well as serpentine residues from chrysotile processing sites. Orbite is currently in the process of finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Company's portfolio contains 15 intellectual property families, including 17 patents and 95 pending patent applications in 11 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.

Contact Information

  • CONTACT INFORMATION:
    TMX EQUICOM
    Marc Lakmaaker, External Investor Relations Consultant
    1-800-385-5451 ext. 248
    mlakmaaker@tmxequicom.com

    For Media Inquiries:
    TMX EQUICOM
    Scott Anderson, External Media Relations Consultant
    1- 800-385-5451, ext. 252
    sanderson@tmxequicom.com